CIEN trade ideas
Possible reversal for $CIENCIEN is getting closer the the uptrending support, it has bounced on this support multiple times and has followed this pattern the whole entire time.
I'll be keeping an eye on this one, I will be looking to take a position if the stock reacts nicely to the support, hopefully in the 36,5 ish area
CIEN enter at second test and bustedWrite sometning about your psyhology thinking before trade? I am back again it is very psyhologicaly difficult when you loose
Describe the trade. What you see? from the upper support price will decline. I have very conservative tarket at a littel bit more than 33
What have I done well for this trade? enter point but at second test
What can I take away to help with later trades? try to not enter the trade at the second test in a few days
CIEN - Good fundamentals and recommended by analystsCIEN is a company with good financials (low PE, low debt, solid ROA, ROE, ROI) and it had a nice price increase in the last year. It is recommended by analysts, it has a buy on Zacks Rank and a nice snowflake on SimplyWall.St.
I purchased some today.
